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Calgary Real Estate Blog

Calgary Homes For Sale Have Sales Drop

Calgary homes for sale have sales drop consecutively for fifth straight month in 2015. CREB statistics show that Calgary home supply may be coming to a crawl in response to the slowdown. New listings were around three thousand last month which is an eighteen percent drop from  2014. All data provided is from the Calgary Real Estate Board.

Ann-Marie Lurie, chief economist with CREB states “While conditions continue to favor the buyer, both the months of supply and the sales to new listings ratio, which represent measures of market balance, tightened in April. If this trend continues, it should help prevent resale inventories from rising to previous highs and limit some of the downward price pressures we’ve...